25 years: Digital payments specialist
In this video, Sabrina introduces and explores the concept of CBDCs. She highlights why it is important that all financial professionals understand the direct impact that CBDCs will have on the payments landscape. This video explores what the payments landscape has traditionally looked like and how it is rapidly changing due to cryptoassets. She also defines the role of cash in society and how it’s placement in the economy is rapidly changing due to cashless alternatives.
In this video, Sabrina introduces and explores the concept of CBDCs. She highlights why it is important that all financial professionals understand the direct impact that CBDCs will have on the payments landscape. This video explores what the payments landscape has traditionally looked like and how it is rapidly changing due to cryptoassets. She also defines the role of cash in society and how it’s placement in the economy is rapidly changing due to cashless alternatives.
18 mins 21 secs
The advent of central bank digital currencies or CBDCs has been heralded as the most significant money innovation in 200 years. Financial professionals must grasp the concept of CBDCs and be able to understand why they could have a dramatic impact on the financial landscape. This video will provide context on the existing payments landscape and explain why cryptocurrencies and their underpinning technology, blockchain are set to disrupt the landscape. Blockchain is a key technology that will have an effect on the definition and functions of money and what CBDCs look like.
Key learning objectives:
Understand what the global shift in payments means for cash
Assess the pros and cons of cash as a means of transaction
Explore the impact of shifts in the payments ecosystem
Assess what changes in payments mean in the context of financial inclusion